Banking giant Morgan Stanley has estimated that hedge funds invested $2 billion in cryptocurrencies this year. : Banking giant Morgan Stanley has estimated that hedge funds invested a massive $2 billion in cryptocurrencies this year. According to Business Insider, the figure was released in a note entitled "Bitcoin Decoded" sent by Morgan Stanley to its clients this week. The investment bank further detailed that more than 100 crypto-related hedge funds have sprung up over the past six years, however 84 of the funds launched in 2017.